16 C
October 5, 2022
Image default

Microsoft considers adding Bitcoin payment to its store

With the growing popularity of the largest cryptocurrency, Bitcoin (BTC), many others who are part of the world of technology want to include the digital asset in their systems as a payment option. The latest update comes from Microsoft, which is considering introducing Bitcoin payments to its Xbox game console’s online store.

According to a post on the subreddit r / XboxSeriesX, the tech giant asked its users for their preferred payment method at its online store.

Image by by: Avid_Hiker98 – Raddot.com

Which of these other payment methods would you like to use on Xbox?

Among other possible means of payment, the company mentioned “paying with Bitcoin” as an option. According to reports, the survey was available to participants of the Xbox Insider program for beta testing operating system updates.

Microsoft is open to using Bitcoin even before other technology companies get involved. It began accepting Bitcoin to fund Microsoft accounts, which allowed users based in the United States to purchase company products and services, including games for Xbox.

According to the reports:

Bitcoin can be redeemed as a credit to a Microsoft account, which can then be used for a variety of its services, such as Xbox Live, Microsoft 365, OneDrive or Skype.

While some users speculate that the company started to accept “Bitcoin as a payment option until 2017 or 18”, but “quietly got rid of it”. If Microsoft adopts Bitcoin as a form of payment, it will certainly increase cryptocurrency. However, the chances that Microsoft will make a big move like other tech companies like Tesla are not very likely.

According to reports, Microsoft President Brad Smith has said he may not have any crypto diversification plans like Tesla led by Elon Musk, however, has left room for speculation for the future.

Although the price of Bitcoin noticed a sudden increase, at the time of this writing. The digital asset was trading at $ 55,890 and noticed buyers actively participating in the market.

Source: Ambcrypto

Related posts

Institutional interest in Bitcoin defines the latest bullish run

Anupreet Kaur

Following China, Iran bans Bitcoin mining

Anupreet Kaur

A mural that earns $ 100 a day … in bitcoin | Blocksats

Aparnna Hajirnis

Leave a Comment